ASSA ABLOY acquires 3millID and Third Millennium Systems to boost access control offerings.

ASSA ABLOY, a leader in door opening solutions, has agreed to acquire 3millID Corporation and Third Millennium Systems Ltd, both specializing in access control solutions. The acquisitions aim to strengthen ASSA ABLOY's offerings in North America and the UK and are expected to be immediately beneficial to earnings per share. The deal, involving around 40 employees, is set to close in the first quarter of 2025, pending customary conditions.

3 months ago
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